Biotech Values

[bxjwn9ru]

"I'm not seeing the usual, informed glee that occurs when there really is a bubble. IMO, it's the "generalists," who bought high in the first place, that are selling. Somebody please tell me I'm wrong"

All you have to do is look at CLDX which epitomized the bubble that biotech stock were in. Analysts were falling over themselves to raise PTs based on their pre-clinical compound. Absolutely disgraceful behaviour. After a 60%+ fall it stills look overvalued. This is just one of many examples. However, if you watch less speculative companies in the sector it might not have been as obvious there was a bubble. GLTU